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Family Dollar 108 Culp Rd 10,260 SF 100% Leased Retail Building Richfield, NC 28137 $1,482,833 ($144.53/SF) 9% Cap Rate
Investment Highlights
- 2022 build to suit Family Dollar
- Corporately guaranteed lease
- 10-mile population of ±45,078 residents
- ±7 years remaining on an initial 10-year lease
- Rent increases of $5,250 ($0.50 / SF) in all five, 5-year options
Executive Summary
Broker of Record
Gerard Hamas
Broker Lic. No.: 362768 (NC)
Firm Lic. No.: C42113 (NC)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Gerard Hamas
Broker Lic. No.: 362768 (NC)
Firm Lic. No.: C42113 (NC)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
10,260 SF
Building Class
B
Year Built
2020
Price
$1,482,833
Price Per SF
$144.53
Cap Rate
9%
NOI
$133,455
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
2.09 AC
Zoning
N-B
Somewhat walkable
30/100
Exceptionally drivable
90/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 6622-01-29-0567 | Improvements Assessment | $876,219 |
| Land Assessment | $501,600 | Total Assessment | $1,377,819 |
Property Taxes
Parcel Number
6622-01-29-0567
Land Assessment
$501,600
Improvements Assessment
$876,219
Total Assessment
$1,377,819
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Family Dollar | 108 Culp Rd
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